本文来自格隆汇专栏：中信证券研究 作者：刘海博 李景涛 安家正 陈彦龙 李子硕 周荣炎 2025M1-M9，在整机厂量产加速的推动下，核心元件创新迭代、目标场景试点落地——产业生态呈现 出交融互通、多点开花的特点。特斯拉Optimus项目完成换帅，引领新兴世界模型技术路线。此外，国 内各地积极落地具身智能数据采集工厂，Figure展示人类视频训练成果。随着具身智能大模型的持续精 进，产业有望加速驶向商业化彼岸。中信证券持续看好具身智能机器人板块，认为该板块有望成为未来 5-10年最重要的科技产业机会之一。 ▍整机厂：基本面扭亏提上日程，产品矩阵日渐丰盈，商业化元年开启。 ▍丝杠：基本面稳健增长，机器人业务加速拓展，多元化布局逐步深化。 2025H1，浙江荣泰/北特科技/五洲新春分别实现营收5.7/11.1/18.9亿元（同比+15.0 /+14.7/+8.1%），归 母净利润分别为1.2/0.6/0.8亿元（同比+22.2/+45.1/+0.3%），在制造业景气回暖的背景下，行业营收整 体维持增长。浙江荣泰通过收购和设立子公司拓展精密传动与智能装备；北特科技推进产线投资建设， 布局海外工厂。机器人业务商业化进 ...

北京商报讯（记者 张茜琦）9月26日，北京商报记者获悉，北京市近日公布了第三批"中关村特色产业 园"名单，全市新增24家特色产业园，其中中关村（海淀）具身智能创新产业园、中关村（海淀）国际 机器人产业园、中关村AI北纬社区和中关村科学城AI数字能源产业园等海淀区4家园区入选。 "中关村特色产业园"是根据《中关村国家自主创新示范区特色产业园建设管理办法》，由市科委、中关 村管委会组织认定的新型产业载体。该类园区以集聚产业创新资源、提升产业创新效率、促进产业集群 发展为核心功能，并在空间规模、运营管理、产业发展、专业服务及公共配套等方面具备较高水平，已 成为中关村示范区高质量发展的重要支撑平台。 本次海淀区新认定的4家园区各具特色，聚焦具身智能、人工智能、AI数字能源等前沿领域。 此前，海淀区已培育包括中关村东升科技园、中关村软件园、中关村集成电路设计园、中关村壹号、金 隅智造工场、大北农生物农业创新园、中关村（海淀）生物智造产业园、四季慧谷国家网络安全产业 园、北分科技创新园在内的9家特色园区。新获评园区将与原有9家特色产业园区协同发力，形成产业互 补、生态联动的创新集群。 ...

Core Insights - The 2025 China International Industrial Expo Long Triangle High-end Industry Innovation and Embodied Intelligence Development Conference was successfully held in Shanghai, focusing on high-quality development in the high-end and embodied intelligence industries [2][12] - The conference gathered over 200 enterprises and 300 guests from the Yangtze River Delta region to discuss industrial innovation directions [2] Group 1: Industry Development - Shanghai is accelerating the construction of a world-class embodied intelligence industry cluster, having established a complete industrial chain from core components to integrated services [2] - The Long Triangle Embodied Intelligence Industry Alliance was established to promote cross-regional collaborative innovation through a government-led, market-driven approach [4] - The Shanghai Long Triangle Intelligent Manufacturing Industry Promotion Center aims to create a trillion-level intelligent manufacturing industry ecosystem [6] Group 2: Strategic Initiatives - Changning District is positioning itself as a global innovation hub for embodied intelligence robotics, leveraging its unique geographical advantages and a supportive business environment [3] - The "AI+" initiative is being implemented to empower high-end industrial development, with a focus on creating a future industrial innovation cluster [8] - The conference included direct communication between industry leaders and district leaders to address issues such as scene landing bottlenecks and policy support needs [9] Group 3: Collaborative Efforts - The establishment of the intelligent manufacturing supply-side alliance aims to integrate local enterprises, research institutions, and service providers to enhance the overall level of intelligent manufacturing [6] - The conference featured discussions on the application of embodied intelligence technology in various industrial scenarios, highlighting its potential to drive a new technological revolution [7] - A series of closed-door meetings facilitated deep connections and practical negotiations among over 30 leading enterprises, resulting in preliminary cooperation intentions [11]

人民财讯9月26日电，中信证券研报称，特斯拉Optimus项目完成换帅，引领新兴世界模型技术路线。此 外，国内各地积极落地具身智能数据采集工厂，Figure展示人类视频训练成果。随着具身智能大模型的 持续精进，产业有望加速驶向商业化彼岸。中信证券持续看好具身智能机器人板块，认为该板块有望成 为未来5—10年最重要的科技产业机会之一。 ...

Core Insights - The emergence of embodied intelligence robots at the 25th China International Industry Fair highlights the ongoing trend of "machine replacing human" due to labor shortages caused by aging populations and other factors [1][7] - The integration of AI into industrial robots is shifting from "single operation" to "super production teams," enhancing efficiency and flexibility in manufacturing processes [2][4] - The importance of calculating return on investment (ROI) for industrial robots is emphasized, as manufacturers prioritize cost-effectiveness and reliability in automation solutions [7][8] Group 1: Trends in Robotics - The trend of embodied intelligence robots is evolving towards "super production teams" that can handle multiple tasks and adapt quickly to changes in production lines [2][4] - AI vision technology is becoming a core driver for industrial robot applications, significantly improving processing times and product quality [6] - The domestic production rate of industrial robots in China has surpassed 50%, driven by advancements in core components and control technologies [13][17] Group 2: Challenges and Solutions - Despite high robot density in China, the development of industrial robots is lagging behind automation needs, with a significant portion of the workforce still reliant on manual labor [7] - The integration of AI in industrial settings raises safety concerns, necessitating the implementation of protective measures to prevent operational errors [9][10] - The need for reliable and flexible automation solutions is critical, as many factories struggle with the limitations of fully automated systems [8][15] Group 3: Future Directions - The concept of "calculating control and safety integration" is being introduced to enhance the reliability and safety of industrial robots [10][12] - The collaboration between various stakeholders in the robotics industry is essential for establishing safety standards and improving the overall functionality of robots [17] - The push for domestic production of robots is seen as a pathway to enhance safety, control, and autonomy in manufacturing processes [13][17]

想象一下，如果能通过语言下达指令，并且丝滑执行任何你想要的动作，是一件多么幸福的事情！如果能长时 间连续动作完成，将会非常方便。下面给大家介绍下VLA到底是啥？ VLA打破了传统方法的单任务局限，使得机器人能够在多样化的场景中自主决策，灵活应对未见过的环境， 广泛应用于制造业、物流和家庭服务等领域。此外，VLA模型已成为研究热点，推动了多个前沿项目的发 展，如pi0、RT-2、OpenVLA、QUAR-VLA和HumanVLA，这些研究促进了学术界与工业界的合作。其适应性 体现在能够应用于机械臂、四足机器人和人形机器人等多种平台，为各类智能机器人的发展提供了广泛的潜力 和实际应用价值，成为智能机器人领域的关键驱动力。 从今年各个机器人与AI顶会来看，VLA及其相关衍生方向，占据了近一半的具身产出。特别是长程操作、泛 化、少样本、VLA+RL、人形相关。 从产业角度看，国内外具身智能领域正处于蓬勃发展阶段，Unitree、智元、星海图、银河通用、逐际动力等团 队从实验室走向商业化，华为、京东、腾讯等科技巨头也积极布局，与国外Tesla、Figure AI等公司正在一起 推动这一领域的发展。 很多同学后台留言，咨 ...

点击下方 卡片 ，关注" 具身智能 之心 "公众号 >>直播和内容获取转到 → 具身智能之心知识星球 点击按钮预约直播 RoboDexVLM是 一个面向配备灵巧手的协作机械臂的创新型机器人任务规划与抓取检测框架。 现有方法通常聚焦于简化且受限的操作任务，往往忽视了以长时序方式抓取多样化物体所伴随的复杂性。相比之下， RoboDexVLM 框架利用灵巧手 能够 抓取不同形状和尺寸物体 的能力，同时基于自然语言指令执行任务。 该方法的核心组成部分如下： 首先，设计了一个具备任务级恢复机制的鲁棒任务规划器 ，它利用视觉语言模型使系统能够解析并执行开放词汇指令以完 成长序列任务。 其次，提出了一种基于机器人运动学和形式化方法的语言引导灵巧抓取感知算法 ，专为面向多样化物体和指令的零样本灵巧操作而设 计。全面的实验结果验证了 RoboDexVLM 在处理长时序场景和执行灵巧抓取方面的有效性、适应性和鲁棒性。这些结果突显了该框架在复杂环境中运行 的能力，展示了其在开放词汇灵巧操作方面的潜力。 论文标题 ： RoboDexVLM: Visual Language Model-Enabled Task Planning an ...

点击下方 卡片 ，关注" 具身智能 之心 "公众号 Task 1 Task 2 Task 3 Task 4 Task 5 Task 6 Task 7 Task 8 正是在这一技术困境下， RoboSeek 框架 的提出带来了突破性思路，其创新核心源于对 "具身认知理论" 的深度落地 —— 该理论颠覆了 "认知孤立于交互" 的传 统认知，强调智能体的认知能力源于与物体、环境的动态交互。基于这一理念，RoboSeek 构建了 "交互驱动感知与动作联合优化" 的全新架构：通过动态进化的 "注意力空间" 捕捉任务关键信息，用强化学习驱动的具身执行器实现精准动作控制，再借助交叉熵方法迭代优化关键目标，最后通过 "从现实到仿真再到现 实"（real2sim2real）的迁移流程，破解仿真与现实脱节的难题。 这一创新设计的价值不言而喻：在 8 项长时程任务、2 类不同机器人平台的测试中，RoboSeek 实现了 79% 的平均成功率，远超传统基线方法（成功率均低于 50%），不仅为长时程机器人操作提供了稳定可靠的解决方案，更填补了 "具身认知理论" 到 "机器人实际操作" 的落地空白，为通用机器人在真实环境中的应用 开辟了 ...

Core Viewpoint - The article highlights the official mass production and delivery of the K2 "Bumblebee" humanoid robot by Kepler Robotics, marking a significant step towards commercializing humanoid robots in industrial applications, with a focus on practical use rather than just technological showcase [2][5][34]. Group 1: Product Launch and Market Position - Kepler Robotics has officially launched the K2 "Bumblebee" humanoid robot, with a starting price of 248,000 yuan and several thousand intention orders, indicating strong market interest [2][5]. - The company aims to produce hundreds of units this year, with a target of scaling up to a thousand units next year, supported by a new assembly factory in Guangdong [2][5]. - The K2 "Bumblebee" is positioned as a cost-effective alternative to Tesla's Optimus, being the first mass-produced humanoid robot with a hybrid architecture [2][5][34]. Group 2: Technological Advancements - The K2 "Bumblebee" features significant upgrades in bipedal walking and hybrid architecture, directly competing with Tesla's Optimus [2][5]. - The robot utilizes a hybrid architecture combining linear and rotary actuators, enhancing energy efficiency and adaptability to various terrains [13][16]. - The self-developed planetary roller screw actuator allows the K2 to carry loads of up to 30 kg, showcasing its industrial application potential [16][20]. Group 3: Strategic Collaborations and Future Goals - Kepler Robotics is collaborating with Lushow Technology to develop a new generation of household AI robots, aiming for a sales target of one million units in three years [5][34]. - The company has established partnerships with several leading firms in the robotics and automotive sectors to enhance its technological capabilities and resource integration [30][32]. - The focus is on building a robust supply chain and addressing key component shortages to facilitate the commercialization of humanoid robots [32][34]. Group 4: Market Trends and Industry Context - The humanoid robotics industry is shifting from a focus on technological competition to practical applications, with Kepler Robotics leading this transition [5][34]. - The article emphasizes the importance of software advancements alongside hardware development, indicating a move towards a more integrated approach in humanoid robot design [24][34]. - The K2 "Bumblebee" is seen as a pivotal product that could redefine the perception of humanoid robots from mere toys to practical tools in various sectors [5][34].

2025年以来,青岛市按照数字中国和数字强省工作部署,以数据要素市场化配置改革为主线,实施"数字青 岛2.0"建设工程,统筹各领域数字化转型,全力打造数字中国标杆实践区。 强化统筹引领 数字经济"强引擎",抢占经济发展新赛道。青岛市入选省级数字经济创新发展试验区,跻身全球集成电路 产业竞争力百强。首创工业互联网场景赋能公共服务平台,规上工业企业数字化转型覆盖率超90%,省 级"产业大脑"试点数量居全省首位。在全国率先启动"新质牧场"建设,出台智慧农业发展专项奖补政策, 建成数字农经、畜禽养殖等15个示范场景。手造产业数字化平台服务企业300余家,上线产品2000余件。 青岛数字版权交易中心上半年交易额突破10亿元。 数字政府"提效能",打造智慧治理新范式。城市云脑通用能力服务平台实现低空无人机、政务区块链等 49万项数字资源跨部门、跨层级共享,精准打造覆盖城市管理、应急指挥等34个领域500余项应用场景。 视频AI算法仓算法总数超过450个,深度赋能城市生命线、智慧水务等场景建设。构建"空天地网"一体化 城市管理模式,"智慧低空"平台为青岛市39个部门提供政务飞行服务,政务飞行巡查解决环保督查、违规 占海等典 ...